Solution-Determine the price for this job

Determine the price for this job

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Reference no: EM13512621

Stanley Electronics Products, Inc., finds that new-product production is affected by an 80 percent learning effect. The company has just produced SO units of output at 100 hours per unit. Costs were as follows:

Materials @ $20	$1,000
Labor and labor-related costs:
Direct labor-100 hours @ $8	800
Variable overhead-100 hours 0 $2	200
	$2,000

The company has just received a contract calling for another SO units of production. It wants to add a 50 percent markup to the cost of materials and labor and labor-related costs. Determine the price for this job.

Reference no: EM13512621

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Determine the price for this job

Reference no: EM13512621

Reference no: EM13512621

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